SEC Form 4 · accession 0001179110-15-009280
DTS, INC. · DTSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Watson
Officer — EVP, Corp Strategy & Dev
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 6:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001226308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 3, 2015 | M | 8,000 | $23.99 | A | 22,231 | D | |
| Common StockF2 | Jun 3, 2015 | S | 13,477 | $32.2767 | D | 8,754 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $23.99 | Jun 3, 2015 | M | 8,000 | D | — | Mar 5, 2017 | Common Stock | 8,000 | 0 | D |
Explanation of responses
- F1Includes 774 shares acquired under the Issuer's employee stock purchase plan on May 14, 2015.
- F2This transaction was executed in multiple sales through a sale order executed by a broker-dealer at prices ranging from $32.17 to $32.40. The price reported in this column reflects the weighted average sale price. The Reporting Person will provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F3This option vested and become exercisable in 4 equal annual installments begining on March 6, 2008.